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Updated over 17 years ago on . Most recent reply
What do you do after you got enough property?
I have a question... What do you do after you got enough property?
Most Popular Reply
![Jeff Takle's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/325/1621345425-avatar-takleberry.jpg?twic=v1/output=image/cover=128x128&v=2)
Here's some boring, practical advice...put some of it away so that you don't end up being stupid and losing it all.
A lot of pro athletes and others who end up with a lot of money at a relatively early age don't do proper planning. As Warren Buffet says: stocks, bonds, cash, and real estate. Have a little of each. Put some away for 10 years from now, some for 20, and some for 30+. Once you have that network taken care of you might consider:
-taking care of any family members who need help. Not handouts, but intelligent, collaborative deals that empower them to move forward in life
-creating a scholarship fund to help kids get to college
-funding a local civic center, cancer research institute, Walk for Hunger, or whatever tickles your fancy
-tithing to your church
Life has been good to me, too, and I certainly spent a lot of time pursuing skydiving and such. I've hiked the Himalayas and dove the Great Barrier Reef and a lot of great stuff in between so I understand how you feel. I felt the same way. But after the dust settled, I found that I got the most satisfaction out of using my resources and energy helping others to achieve similar or greater heights in their lives.
Just a thought.
Jeff :D